1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ollegr [7]
3 years ago
7

You and several friends are stranded on a desert island. the group decides to gather coconuts. being afraid of heights, the grou

p decides that the best way to gather coconuts would be to knock them down by throwing rocks at them. later, it is decided to build a catapult to hurl the rocks into the tops of the palm trees. how would economists classify the rocks and the catapult?
Business
2 answers:
dlinn [17]3 years ago
6 0

Answer:

Rocks are land, and the catapult is capital since it had to be built by people.

Explanation:

According to a different source, these are the options that are included with this question:

  • Rocks are just rocks, and the catapult is land since it’s made of wood.
  • Rocks and catapults are both capital because they are used as tools.
  • Rocks are land, and the catapult is capital since it had to be built by people.
  • Rocks are labor because people had to throw them, and the catapult is entrepreneurship because someone had to design it.
  • Rocks and the catapult are both land since they both originated in the earth.

This question refers to the factors of production. Factors of production are the inputs that are necessary in order to create a particular good or service. These can include land, labor, entrepreneurship and capital. These concepts were developed by economists such as Adam Smith and Karl Marx. In this example, the rocks would be considered land, while the catapult would be considered capital, as it was built by people.

klasskru [66]3 years ago
3 0

Capital is a way of having land and labor to be involved for production. In the given scenario above, the catapult and rock would be a capital since it is needed to be made by people in order to gain something or it is used for production.

You might be interested in
A central question that must be addressed in bankruptcy proceedings is whether the firm's inability to meet scheduled interest p
dexar [7]

Answer:

The statement is: True.

Explanation:

Bankruptcy<em> </em><em>is the legal state of a person or company which has become permanently insolvent or, in other words, incapable of repaying unpaid debts on time.</em>  Although there are several forms of bankruptcy filings, this procedure is intended to determine a structured and equitable settlement of debt obligations.

Bankruptcy proceedings may start with a petition filed by a borrower or when a petition is filed on behalf of a company's creditors.

6 0
2 years ago
First Simple Bank pays 6.4 percent simple interest on its investment accounts. If First Complex Bank pays interest on its accoun
Ksju [112]

Answer:

i =0.050713..     or

approximately \ 5.0713..\%

Explanation:

Assume an investment of $1.00

First Simple Bank:

Amount after 6 years = 1 + PRT

= 1 + 1(0.064)(10)  

= 1.64

 

Complex Bank:

1*(1+i)^{10}  = 1.64

Take 10th root of both sides

( (1+i)^ {10})*(\frac{1}{10} ) = 1.64^{\frac{1}{10}}

1+i = 1.050713..

i =0.050713..

or

approximately \ 5.0713..\%

8 0
2 years ago
On November 21, 2021, a fire at Hodge Company's warehouse caused severe damage to its entire inventory of Product Tex. Hodge est
GuDViN [60]

Answer:

$142,800

Explanation:

Calculation for the estimated loss on the inventory from the fire, using the gross profit method.

First step is to find the Cost of Goods available for sale

Cost of Goods available for sale = $180,000+$156,000

Cost of Goods available for sale= $336,000

Second step is to find the cost of Goods Sold

Cost of Goods Sold = $236,000 - 30%

Cost of Goods Sold = $165,200

Third step is to find the Cost of Goods Sold

Cost of ending inventory = $336,000 - $165,200

Cost of Goods Sold = $170,800

Last step is to calculate the Estimated loss from fire using this formula

Estimated loss from fire= Cost of Goods Sold - Estimated usable damaged goods

Let plug in the formula

Estimated loss from fire= $170,800 - $28,000

Estimated loss from fire= $142,800

Therefore the estimated loss on the inventory from the fire, using the gross profit method will be $142,800

6 0
2 years ago
What research topic can you recommend for ABM students? pls answer properly.
Mumz [18]

Answer:

marketing strategies

Explanation:

yeah

6 0
3 years ago
If you beat the market with inside information, you have violated the concept of ___ form efficiency.
Sergio039 [100]

If you beat the market with inside information, you have violated the concept of strong form efficiency.

Strong form efficiency refers to a market in which stock prices fully and fairly reflect not only all public and all historical information but also all private information (inside information).

Strong Form Efficiency is the most rigorous version of EMH (Efficient Market Hypothesis) investment theory, stating that all market information, public or private, is factored into stock prices.

A stronger version of the Efficient Markets Hypothesis states that all published and unpublished information is fully reflected in the current stock price and that there is no information available to investors. . market advantage.

Learn more about strong form efficiency here: brainly.com/question/13405657

#SPJ4

7 0
1 year ago
Other questions:
  • Distributor packages and sells two types of products, A and B. The respective sales prices for the products are $10 and $5. The
    11·1 answer
  • A client presents to the emergency department with severe epistaxis. Which client position is most beneficial?
    8·2 answers
  • Multiple Choice Question 64 Concord Company had the following department information about physical units and percentage of comp
    11·1 answer
  • Which type of business orientation offers the same basic product to all customers?
    6·1 answer
  • Which of these is NOT considered a critical contextual factor in project management? A. Organizational culture B. Organizational
    13·1 answer
  • Which of the following can increase your credit card’s APR?
    8·2 answers
  • All are signs of neglect and emotional abuse EXCEPT:
    5·2 answers
  • Penetration pricing doesn't work if ________.
    8·1 answer
  • Yolinda and Wes decide to go into business together as a partnership. As part of their business, they lease a car, with each pay
    12·1 answer
  • Explain what the time period assumption means.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!